Reasons some don't make profit in Crypto currencies.

[Dowenship]

The number of people joining the Crypto currency league are on the rise daily due to different postive reviews from others already in it but sadly some join the league and lost out.
The reasons could be:
1) lack of knowledge of Crypto currencies
2) Focus on bitcoin alone , this is as result of the first point, most people don't know any other coin other than bitcoin so they just push money into it , honestly Small Investors can make money from bitcoin Investment for instance you invest $20 into bitcoin now for you to get $10 bitcoin must be around $50,000 which may take time .

3) Fear to invest in small coins.

The Last part must be fomo. Most investors, and i said most because when i started crypto currency i thought the rate at which bitcoin runs with profit is the same with the amount you invest into it will give you profit. Later I realised that low value coins are more profitable.

 

[tyrim88]

Impatience sponsored by ignorance is one of the undoing of many people, some are so much in a hurry that they want to reap millions almost immediately after their investment.
Others keep moving from one cryptocurrencies to another in hopes of getting quick profits because they don't know investment into cryptocurrencies don't pay immediately and the market is not easily predictable.

That is what is making a lot of persons not to make money in the cryptocurency trading.Some immidiately there is a dip,the things they willl do is to rush and sell their crypto,that is not a good investment strategy.

 

[kayode10]

Some people don't have fundamental knowledge on how cryptocurrency marketplace works. They think they can just start trading today and make profit tommorow. People want to see results now and things are not done that way.

 

[Ezekiel]

Many Gail to update themselve with the change in price and every other things well, others are just scared as they feel it is impossible to invest what they can't see

 

[kayode10]

Instant gratification is another reason why some people are not making money with cryptocurrency trading. They want to invest now and start making money and profit in the next few minutes. Some people also rely on speculation which is not good enough for trading.

 

[Senator]

People who don't make profits in cryptocurrencies trading are those who are yet to get a hold or hang on how things really work with cryptocurrency. They need to study a little more to make profits

 

[eLdavis]

People who don't make profits in cryptocurrencies trading are those who are yet to get a hold or hang on how things really work with cryptocurrency. They need to study a little more to make profits

You have a point there, once you have been able to fully understand how it works, when the price goes down and when the price goes up and all that, it would be alot easier for you to make your profits from it

 

[Chizfab]

Laziness towards making thorough researches before and after trading, lack of experience or practice to develop your trading skills, training with emotions which is quite dangerous and lack of patience and foresightedness. All these aforementioned and many more.

 

[Jhayms07]

It's basically because of lack of knowledge and information. Most people just rush into it without having proper knowledge about it. They don't know the right coin to buy and at the right time

 

[ahmedo24]

Laziness towards making thorough researches before and after trading, lack of experience or practice to develop your trading skills, training with emotions which is quite dangerous and lack of patience and foresightedness. All these aforementioned and many more.

Good point, many people just want to put their money in one or two coins then they go to sleep with the intention that it will grow it self without knowing the circumstances happening arround tje the coin.

 

[Stnicholaz]

My reason and fear is lack of knowledge about other small coins and large funds to invest. And sincerely I am very much afraid because the highly volatile and unpredictable nature of all cryptocurrencies.

 

[Kubiat-Abasi]

One of the reasons some don't make profit in cryptocurrencies is because they failed to carry out their personal research and also, the inherent nature of greed is a factor too.

 

[Ezekiel]

Most person just embark into crypto without a proper knowledge of it,some goes into it because they saw someone who has made it through crypto without even undergoing research on it

 

[Bookwormlux]

Some do not make profits in cryptocurrency trading because they do not know what they are doing, and this makes them to continuously lose out without learning.

 

[Adecyptii]

Crpto trading seems to be legit but has some risk factor which can lead to failure,failure in crypto is usually due to wrong analysis and lack of research.

 

[Immilash]

The first one is the game changer, seriously I've noticed this many people who want to join the cryotocurrency world without having good ideas on it and this leads them to fail.
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The first one is the game changer, seriously I've noticed this many people who want to join the cryotocurrency world without having good ideas on it and this leads them to fail.

 

[greenie]

Impatience sponsored by ignorance is one of the undoing of many people, some are so much in a hurry that they want to reap millions almost immediately after their investment.
Others keep moving from one cryptocurrencies to another in hopes of getting quick profits because they don't know investment into cryptocurrencies don't pay immediately and the market is not easily predictable.

 

[Dagm1]

The lack of creativity by developers is a key issue in the crypto business. Despite the fact that Bitcoin is still in high demand, there have been many releases of "the new Bitcoin."

 

[Sotherefore]

Some do not make profits in cryptocurrency trading because they do not know what they are doing, and this makes them to continuously lose out without learning.

Possibly, if you can't really understand what what cryptocurrency is all about to be able to trade with profits you should just be an investors because that's the simplest.. if you are Investing for long-term you are not likely to lose your money.

 

[ganibade]

Reasons while some don't make money on cryptocurrency. Many people are looking for free trade in cryptocurrency,and this doesn't bring much income.